Polygon (MATIC) Price Rally Due To This Supernets Announcement?

Polygon (MATIC) Price Rally Due To This Supernets Announcement?

Altcoins

Polygon (MATIC) News Updates: While the cryptocurrency market is heavily focused on the developments of Binance FTX token sale, Polygon (MATIC) has a reason for the price rise. On Monday, deltaDAO, a data economy solutions company, launched its Gaia-X Web3 Ecosystem network upgrade based on Polygon Supernet. The Polygon team said the collaboration brings the blockchain at the heart of European data economy. The partnership enables a global trustless data economy where users are in full control of their data, it added.

Also, the collaboration works towards generating new revenue streams for the 2,000 participants from over 350 institutions. Interestingly, within few minutes from the announcement, Polygon (MATIC) price jumped significantly. As of writing, MATIC price stands at $1.27, up 7.94% in the last 24 hours, according to price tracking platform CoinMarketCap.

‘Polygon At The Centre Of European Digital Ecosystem’

Antoni Martin, co-founder of Polygon, said the partnership will help provide an open and federated data economy for the European digital ecosystem. Earlier, Wall Street bank JP Morgan said it successfully executed a trade using the Polygon blockchain network. This came as a big boost to the Polygon community as it led to MATIC price rise. Similarly, another major collaboration news came in the form of Instagram with Meta saying it will be using Polygon for its first NFT marketplace.

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